Standard Chartered Private Equity (SCPE) has purchased a minority stake in Karaikal Port Private Limited, a subsidiary of Indian infrastructure company MARG, for INR1.3 billion (approximately US$23 million) through both primary and secondary investments. The new capital will be used to expand the port’s capacity to 28 million metric tons per year from 21 million tons. Existing investors in Karaikal Port include Jacob Ballas Capital India, IDFC Project Equity and Ascent Capital.